PICK vs. GAL
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and SPDR SSgA Global Allocation ETF (GAL).
PICK and GAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. GAL is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PICK or GAL.
Performance
PICK vs. GAL - Performance Comparison
Returns By Period
In the year-to-date period, PICK achieves a -7.91% return, which is significantly lower than GAL's 10.76% return. Both investments have delivered pretty close results over the past 10 years, with PICK having a 5.94% annualized return and GAL not far behind at 5.78%.
PICK
-7.91%
-5.54%
-13.92%
0.04%
12.15%
5.94%
GAL
10.76%
-1.05%
4.52%
16.17%
6.62%
5.78%
Key characteristics
| PICK | GAL | |
|---|---|---|
| Sharpe Ratio | 0.03 | 2.02 |
| Sortino Ratio | 0.19 | 2.85 |
| Omega Ratio | 1.02 | 1.36 |
| Calmar Ratio | 0.03 | 2.19 |
| Martin Ratio | 0.07 | 13.00 |
| Ulcer Index | 9.38% | 1.29% |
| Daily Std Dev | 22.29% | 8.30% |
| Max Drawdown | -68.88% | -28.31% |
| Current Drawdown | -16.27% | -1.55% |
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PICK vs. GAL - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is higher than GAL's 0.35% expense ratio.
Correlation
The correlation between PICK and GAL is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PICK vs. GAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and SPDR SSgA Global Allocation ETF (GAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PICK vs. GAL - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 3.89%, more than GAL's 2.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 3.89% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% | 2.88% | 3.39% |
GAL SPDR SSgA Global Allocation ETF | 2.22% | 2.56% | 6.19% | 4.05% | 2.14% | 2.96% | 2.43% | 2.26% | 2.43% | 3.10% | 3.36% | 2.50% |
Drawdowns
PICK vs. GAL - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, which is greater than GAL's maximum drawdown of -28.31%. Use the drawdown chart below to compare losses from any high point for PICK and GAL. For additional features, visit the drawdowns tool.
Volatility
PICK vs. GAL - Volatility Comparison
iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a higher volatility of 7.61% compared to SPDR SSgA Global Allocation ETF (GAL) at 2.02%. This indicates that PICK's price experiences larger fluctuations and is considered to be riskier than GAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.